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1550 W Jefferson Street, Joliet, IL

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1550 W Jefferson Street

Joliet, IL 60435-6704 - Joliet/Central Will Submarket

Property Type:Retail Sub Type:Bank Status:Existing Year Built:2005
Building Size:4,944 SF Land Area:1.15 AC (50,094 SF)
For Sale Price:$6,700,000 Price/SF:$1,355.18
Cap Rate:-

Sale Notes:
Absolute NNN Ground Lease- Zero LL Responsibilities; 14+ Years Remaining On Initial 25yr Term
10% Rental Bumps Every Five Years
Over-sized Parcel Located At Signalized Intersection; Fantastic Visibility & Access From Both Bordering Streets
Major Arterial Thoroughfare; City's Dominant Retail Corridor- Numerous National Tenants Within Blocks Of Property
Less Than 1 Mile From Provena Health Center- Area's Largest Medical Campus
3 Miles From Interchange With I-55
Downtown Joliet- 200,000 People In 5 Mile Radius; Part Of Chicago MSA- 30 Miles SW Of Chicago
Corporate Guarantee By Bank Of America; S&P Rating Of A-; Market Cap Of $179B
CRA targeted area for banks provides high likelihood of continued occupancy
Price Reduced

SVN l Chicago Commercial
Wayne Caplan
(312) 529-5791

Kevin D Chin
(415) 922-2900 x101

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